The Euro in ten years

Because of a complex set of economic, financial, political, and historical reasons, the euro was launched in January 1999. Ten years have passed since Europe has the euro and it has brought two main benefits which are: lower transaction costs and greater transparency. These benefits complement the advantages of free-trade areas. 

Now, what's going to happen in the next ten years with the euro?

According to ECB (European Central Bank) and euro policimakers, this 5 things could happen:

The inflation target, and its requisite downward pressure on domestic prices, could pose the risk of an extended period of sub-standard growth.

The expansion of the Euro-zone into more of Scandinavia and Central Europe and the potential impact on the inflation dynamics of the European Monetary Union.

The question of whether the European system of central banks will be able to act as a lender of the last resort in a future period of financial instability.

The ECB’s monetary policy in the face of a historically privileged Euro.

The decision of whether to merge the political powers of the various international bodies of the Euro-zone, including the G7 and International Monetary Fund. 

"The Euro at Ten: Performance and Challenges for the Next Decade." Goldman Sachs N.p., June 2008. Web. 29 Sep. 2009 .

Boskin, Michael. "The Euro at Ten." guatemala times Project Syndicate 1995-2009, 23 Jan. 2009. Web. 29 Sep. 2009 .